Hanger Orthopedic Group Up 22.2% After Hitting 52-Week High (HGR)

Shares of Austin, Texas-based Hanger Orthopedic Group, Inc. HGR are trading up 22.2% at $27.82 per share during the Thursday afternoon trading session. The day's trading range for shares of Hanger Orthopedic Group, Inc has been between $24.63 and a 52-week high of $27.87 per share. Analysts covering the company's stock give it a consensus price target of $25.86 per share. Volume of 1.2 million shares is already more than 6 times the daily average volume of 193,000 shares. Hanger Orthopedic Group, Inc. (HGR) announced after the market closed on Wednesday that it beat consensus Wall Street expectations. Hanger Orthopedic Group, Inc announced 4th quarter adjusted earnings per share of 52 cents, on revenue of $226.5 million. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 40 cents per share, on revenue of $225.21 million. President and Chief Executive Officer Thomas F. Kirk said, "The quarter completes our fifth consecutive year in which we have met or exceeded street estimates. The credit for this accomplishment belongs to our employees and their drive to provide the best possible care to our patients and to excel at meeting our customers' needs." The Company expects full year 2011 revenues to be between $945 million and $955 million and diluted EPS in a range of $1.63 to $1.68. Hanger Orthopedic Group, Inc provides orthotic and prosthetic patient care services, distributes O&P devices and components and provides therapeutic solutions to the broader post acute market. Read more from Benzinga's Company news.